Thoughts on Money

Being "good with money" means you know how to USE it. Saving money is one use, but it's not the exclusive way to put your money to work for you .

A lot of financial mistakes come from trying to copy people who are different from you.

Risk isn’t a measure of negative consequences. It’s a measure of uncertainty. And the issue with minimizing risk is that while we protect our downside, we prevent ourselves from achieving any sort of meaningful upside. In this way, risk minimization isn’t an insurance policy as much as it is a collar, and the cost of protecting our downside is the... See more

That was our first lesson. To earn money, we did some house chores that we called “job-jobs”.

You could only do the paying “job-jobs” after your regular household chores.

She continued to build on this by talking to us about our futures and encouraging us to save to meet different goals instead of spending it all.

But here’s the key: Money work isn’t about getting rid of our uncomfortable emotions. It’s about learning to respond to them, to work with them, and to learn from them.

And most importantly, to not let them steer you in directions that will make life harder for you.

The world is split between those who don't know how to start making money and those who don't know when to stop.

Here is one that I’ve encountered time and again: marketing is the mother of revenue. Some of you might wince at the idea of self-promotion and all of your biases with the word marketing. When it comes to gigantic corporations, I do too. But let’s consider this in a small business context, where you work in and with your community. In this sense,... See more